How to sell my HVAC in New York
If you’re asking yourself, “How to sell my HVAC business in New York?” we’ve got answers.
You will find everything that you need to know about how to sell my HVAC in New York in this blog post. I’ll be covering the factors of what makes an ideal seller and explain some things that can help make it easier on both parties involved. I’ll share some tips on how to get top dollar for your company without too much hassle!
In four simple steps, I’ll explain how you can sell an HVAC business in New York.
1. Show off your finances in a financial report
Your first step to sell an HVAC business in New York is to get your finances in order and then show them off. Start by calling your accountant — or whoever does your books — and ask them to create a report for you.
Tell them to include:
- Annual Sales
- Annual Profits
- Recurring customers with maintenance agreements
- Potential customer base
- Growth expectations
This report shows potential buyers that your HVAC business is a sound investment. You may need to contact your sales team to answer the questions about your customer base. And, as we all know, when things look better, they go for a better price. If you can, you should hire a designer to make your report look professional with your logo and brand colors.
We also recommend you present your polished financial report in person to potential buyers. In sales, it’s a lot easier to say ‘yes’ to someone whose hand you’ve shook.
2. Survey your competitors who also know how to sell HVAC in New York
When you want to sell your HVAC business in New York, the second step is to see what the competition is up to. The easiest way for you to do this is by using online sites such as BizBuySell or BizQuest. Just search for “New York HVAC Businesses for Sale” on their website and take a look at all of these listings. Or, you can type “sell my hvac business NY” into Google and see what pops up.
Make sure you search by looking through similar listings to yours in regards to reputation, size, and potential growth. Then, price your HVAC accordingly. This way, you’ll get a fair market price and you won’t have people either suspicious of too low a price or looking to take advantage of you, and you won’t have buyers put off by too high of a price.
3. License at least one person you trust at your HVAC company before you try and sell
Buyers won’t be interested in purchasing an HVAC business that can’t operate. You’ll need at least one person besides yourself on your team who is licensed. As you may know, HVAC technicians in New York do not need to register with any state agency, but there are still local regulations and they must be followed. Check your local regulations before you list your HVAC business as for sale.
4. Hire an HVAC NY Broker who is in your corner
Hiring an HVAC broker will help you sell your HVAC business in New York for the right price. A specialized one has connections and can make sure it sells fast, so don’t waste time doing guesswork or scouring online listings! Get in touch with a specialist today to get started on getting that money rolling into your bank account.